Groupon Inc Could Play A Key Role In Apple Pay Launch

Groupon Inc GRPN is one of the many companies involved in the launch of Apple Pay, Apple Inc.'s AAPL recently unveiled entry into the mobile payments space. Along with Staples, Panera, Macy's, Target, McDonald's, Subway and a host of other retailers, Groupon plans to be involved with Apple Pay at launch next month.

In a press release, Groupon shared more details of the arrangement. "Bringing Apple Pay to the Groupon mobile app makes it easier than ever to find and buy the best things around you," CEO Eric Lefkofsky explained. He added: “With nearly 92 million app downloads worldwide and more than half of our transactions occurring on mobile devices, Groupon is one of the largest mobile commerce companies in the world.”